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Rental GuideWaterloo, ON

Waterloo rent data for:

As of today, you'll find 130 apartments for rent in Waterloo, with a median rent price of $1,950 per month. Waterloo has seen a 6%—or $115—decrease in median rent price compared to the previous year.

Apartments for rent

Average Rent

$1,950

Year Over Year Change

-6%

$115

Rentals available, last 30 days

130

Rent ranges for Waterloo apartments
$4,501 - $6,000
1%
$3,001 - $4,500
3%
$1,501 - $3,000
70%
$0 - $1,500
26%

How has rent in Waterloo, ON changed in the last two years?

The average rent in Waterloo, ON, for rentals of all sizes and types, is $1,950, which is a 5.8% decrease year-over-year.

The monthly rent for 1-bedroom apartments in Waterloo, ON is about $1,755. The average rent for 2-bedroom apartments in Waterloo, ON is $2,023, and studios are about $795 per month.

See more Waterloo, ON rent data on our rent research page.

How do residents get around Waterloo, ON?

Residents or visitors looking to take public transit can hop on a bus run by Grand River Transit (GRT) to navigate Waterloo and nearby areas.

Walking

5/10
Some shops and stores are within a few minutes.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Transit

4/10
Frequent public transit options are within walking distance.

Scores for Waterloo are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.

Satisfaction survey results for Waterloo, ON

We surveyed 10,000 renters across the country about what it's like living in their cities and neighborhoods. In Waterloo, 70% of residents reported feeling satisfied or very satisfied with the city overall, which is higher than the national average of 66%.

Top Three Reasons to Live in Waterloo

Parks & recreation

80%Satisfaction rating

Pet friendly

70%Satisfaction rating

Public transportation

60%Satisfaction rating

Other Things to Consider

Nightlife
55%
Quality schools
55%
Weather
55%
Job market
40%
Dating scene
40%
Affordable housing
25%
Cost of living
25%

Data last updated in 2024. Do you live here? Take our survey and share your experience.

How we got this data

Explore rentals in Waterloo, ON

View all
Parkside Tower - Photo 1 of 1

1h ago

9.7

Excellent

Our team has verified this company

Verified

Parkside Tower

400 Parkside Dr, Waterloo, ON N2L 6E5

Air conditioning | On-site laundry | Balcony

2 beds

1 bath

$1,930–$2,095

Apartment for rent

200 Shakespeare Drive - Photo 1 of 1

1h ago

8.8

Very good

200 Shakespeare Drive

200 Shakespeare Dr, Waterloo, ON N2L 6C1

On-site laundry | Balcony | Elevator

1–2 beds

1–2 baths

$1,775–$2,610

Apartment for rent

Mooregate Apartments - Photo 1 of 1

1h ago

8.8

Very good

Mooregate Apartments

50 50, Waterloo, ON N2M None

Air conditioning | On-site laundry | Balcony

Studio–2 beds

1 bath

$1,465–$2,020

Apartment for rent

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